227 W 52nd Street, Los Angeles, California 90037, Los Angeles, 90037 - 4 bed, 2 bath

227 W 52nd Street, Los Angeles, California 90037 home-pic-0
ACTIVE UNDER CONTRACT$500,000
227 W 52nd Street, Los Angeles, California 90037
4Beds
2Baths
1,500Sqft
5,372Lot
Year Built
1911
Close
-
List price
$500K
Original List price
$500K
Price/Sqft
$333
HOA
-
Days on market
-
Sold On
-
MLS number
25489135
Home ConditionPoor
Features
View-

About this home

Possibly Over-Priced:The estimated price is 31% below the list price. We found 3 Cons,5 Pros. Rank: price - $500.0K(6th), sqft - 1500(52th), beds - 4(64th), baths - 2(50th).

+Before contacting agent,Please read Probate information at the bottom+ Endless potential on an R2 lot. Stunning craftsman-style home this charming 4-bedroom, 2-bathroom home boasts timeless craftsmanship and incredible potential. Property profile shows 2 bedrooms 1 bath. Featuring classic built-ins, an expanded kitchen, and spacious rooms throughout, this property is ready to be transformed into your dream home. The large living room and dining room offer plenty of space for entertaining, while the generously sized bedrooms provide comfort and flexibility. With a detached garage and a sizable yard, the possibilities are endless. A fantastic opportunity for a fixer-upper or flip don't miss your chance to bring this beauty back to life! Broker and agents do not represent or guarantee the accuracy of the square footage, income, expenses,condition, development potential, bedroom/ bathroom count, lot size or lot lines, dimensions, permitted or non-permitted spaces, or school eligibility. Zimas shows home as 2 bed 1 bath. Buyer is advised to independently verify the accuracy of all information with appropriate professionals. There are no warranties or guarantees, buyer to rely solely on his/her/their own findings. Probate, court confirmation required. Property sold as is, no repairs, and no BLIND OFFERS will be accepted. ***FINAL SHOWING 5/2/25** PROBATE COURT DATE 5/8/25, 8:30AM- 111 N. HILL St Dept 62, Los Angeles 90012 , FIRST OVERBID AMOUNT IS $579,625.- Hearing continued, will be rescheduled.

Condition Rating
Poor

Built in 1911, this property is explicitly marketed as a 'fixer-upper' and 'sold as is, no repairs,' indicating a need for substantial rehabilitation. The images confirm this, showing severely worn hardwood floors, outdated and dirty kitchen/bathroom fixtures and tiling, old light fixtures, and generally neglected interiors. The property requires extensive system replacements and significant cosmetic and functional repairs throughout, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Development Potential: The property sits on an R2 lot, offering endless potential for expansion or additional units, which can significantly increase its value.
Architectural Charm: A stunning craftsman-style home boasting timeless craftsmanship and classic built-ins, appealing to buyers who appreciate historical character.
Spacious Interiors: Features spacious rooms throughout, including a large living room, dining room, and generously sized bedrooms, providing comfort and flexibility.
Investment Opportunity: Positioned as a fantastic opportunity for a fixer-upper or flip, allowing a buyer to transform it into a dream home or profitable asset.
Outdoor Space & Utility: Includes a detached garage and a sizable yard, offering practical utility, additional parking, and potential for outdoor living enhancements.

Cons

Probate Sale Complexity: The property is a probate sale requiring court confirmation, sold 'as-is' with no repairs, no blind offers, and involves an overbid process, which can lead to a lengthy and complicated transaction.
Discrepancy in Property Details: There is a significant discrepancy between the MLS listing (4 beds/2 baths) and official property records (2 beds/1 bath), requiring extensive buyer verification and potentially impacting financing.
High List Price Relative to Condition: The list price of $500,000 is substantially higher than the estimated property value of approximately $342,000, especially for an 'as-is' fixer-upper requiring significant investment.

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